Robeco Institutional Asset Management B.V. Decreases Stock Holdings in The Charles Schwab Co. (NYSE:SCHW)

Robeco Institutional Asset Management B.V. lessened its position in shares of The Charles Schwab Co. (NYSE:SCHW - Free Report) by 74.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,528 shares of the financial services provider's stock after selling 97,548 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Charles Schwab were worth $2,307,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Providence Capital Advisors LLC purchased a new stake in shares of Charles Schwab in the third quarter worth about $28,000. Sugarloaf Wealth Management LLC boosted its stake in shares of Charles Schwab by 60.0% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 440 shares of the financial services provider's stock worth $30,000 after buying an additional 165 shares during the last quarter. Wetzel Investment Advisors Inc. purchased a new stake in shares of Charles Schwab in the fourth quarter worth about $31,000. Hall Laurie J Trustee purchased a new stake in shares of Charles Schwab in the fourth quarter worth about $34,000. Finally, Glass Jacobson Investment Advisors llc boosted its stake in shares of Charles Schwab by 81.0% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 599 shares of the financial services provider's stock worth $41,000 after buying an additional 268 shares during the last quarter. Hedge funds and other institutional investors own 84.38% of the company's stock.

Charles Schwab Stock Down 4.6 %

Charles Schwab stock traded down $3.63 during midday trading on Wednesday, reaching $75.27. The company's stock had a trading volume of 13,710,143 shares, compared to its average volume of 7,544,656. The Charles Schwab Co. has a fifty-two week low of $48.66 and a fifty-two week high of $79.49. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.69. The company has a market cap of $133.78 billion, a P/E ratio of 31.49, a P/E/G ratio of 1.15 and a beta of 0.98. The business has a 50-day simple moving average of $73.23 and a 200-day simple moving average of $66.95.

Charles Schwab (NYSE:SCHW - Get Free Report) last posted its earnings results on Monday, April 15th. The financial services provider reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.01. Charles Schwab had a return on equity of 19.25% and a net margin of 26.14%. The business had revenue of $4.74 billion for the quarter, compared to analysts' expectations of $4.71 billion. On average, research analysts expect that The Charles Schwab Co. will post 3.4 earnings per share for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Thursday, May 9th. Charles Schwab's dividend payout ratio is currently 41.84%.

Analyst Upgrades and Downgrades

SCHW has been the subject of a number of analyst reports. Barclays upped their price target on Charles Schwab from $74.00 to $75.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 16th. Piper Sandler increased their target price on Charles Schwab from $75.00 to $78.00 and gave the company an "overweight" rating in a report on Friday, April 12th. Keefe, Bruyette & Woods increased their target price on Charles Schwab from $75.00 to $76.00 and gave the company a "market perform" rating in a report on Tuesday, April 16th. Bank of America increased their target price on Charles Schwab from $68.00 to $70.00 and gave the company an "underperform" rating in a report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. increased their price target on Charles Schwab from $86.00 to $89.00 and gave the company an "overweight" rating in a report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $74.47.

Insider Buying and Selling

In other Charles Schwab news, Chairman Charles R. Schwab sold 65,360 shares of Charles Schwab stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $76.89, for a total value of $5,025,530.40. Following the sale, the chairman now owns 60,741,536 shares of the company's stock, valued at approximately $4,670,416,703.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, General Counsel Peter J. Morgan III sold 24,520 shares of the business's stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $72.23, for a total transaction of $1,771,079.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Charles R. Schwab sold 65,360 shares of Charles Schwab stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $76.89, for a total value of $5,025,530.40. Following the transaction, the chairman now owns 60,741,536 shares of the company's stock, valued at $4,670,416,703.04. The disclosure for this sale can be found here. Insiders have sold a total of 672,036 shares of company stock valued at $49,281,565 over the last quarter. 6.60% of the stock is currently owned by insiders.

Charles Schwab Profile

The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services.